QIP Details

Type of Issuance: Equity Shares

Total Amount Raised: ₹299,99,99,852.45 (Rupees Two Hundred Ninety-Nine Crore Ninety-Nine Lakh Ninety-Nine Thousand Eight Hundred Fifty-Two and Paise Forty-Five only)

Number of Securities Issued: 1,81,10,473 Equity Shares

Face Value and Issue Price: Face value of ₹10 per share. Issue price of ₹165.65 per Equity Share, which includes a premium of ₹155.65 per Equity Share. The issue price represents a discount of ₹8.71 per share (5%) to the floor price of ₹174.36 per share.

Names of Allottees: The QIP was allotted to 20 qualified institutional buyers. The following allottees received more than 5% of the total allotment:

  • Bandhan Small Cap Fund: 45,00,000 shares (24.85%)
  • Leading Light Fund VCC-The Vintage: 30,18,412 shares (16.67%)
  • India Opportunities Growth Fund Ltd - Pinewood Strategy: 21,14,631 shares (11.68%)
  • Elm Park Fund Limited: 18,11,047 shares (10.00%)
  • ITI Mutual Fund (clubbed): 18,11,047 shares (10.00%) consisting of:
  • ITI Balanced Advantage Fund: 60,368 shares
  • ITI Small Cap Fund: 9,23,634 shares
  • ITI Value Fund: 1,75,069 shares
  • ITI Flexi Cap Fund: 4,70,872 shares
  • Diviniti Equity Long Short Fund: 1,20,736 shares
  • ITI Business Cycle Fund: 60,368 shares
  • Societe Generale - ODI: 11,55,822 shares (6.38%)

Timeline and Approval References:

  • QIP opened on September 24, 2026
  • QIP closed on September 29, 2026
  • IGESL Committee of the Board of Directors for Operations approved the allotment at its meeting held on September 29, 2026
  • Meeting commenced at 11:45 PM and concluded at 11:55 PM
  • Conducted under Chapter VI of SEBI ICDR Regulations and Sections 42 and 62 of Companies Act, 2013

Purpose of the QIP: [Not Specified]

Post-QIP Shareholding Pattern: The paid-up equity share capital increased from ₹401,49,20,450 (consisting of 40,14,92,045 shares) to ₹419,60,25,180 (consisting of 41,96,02,518 shares). The detailed shareholding pattern will be submitted along with the listing application in the format specified in Regulation 31 of the SEBI Listing Regulations.

Other Announcements in the Document

Trading Window Update: The trading window, which was closed with effect from September 24, 2026, shall reopen on October 2, 2026.

Regulatory Compliance: The company has requested this communication to be treated as compliance under applicable SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.